The United Arab Emirates (United Arab Emirates) has about $ 700 million in Bitcoin, which was mostly collected from mining operations, according to Blockchain Arkham Intelligence.
Arkham He said In the publication of X on Monday, it became one of the first to publicly identify the governor of the United Arab Emirates government, and found that the headlines of its wallet contained about 6,300 Bitcoin (BTC).
Bitcoin was extracted through the castle mining, which is owned by the majority by the government -owned group, the International Holding Company (IHC).
“Unlike the United States and the United Kingdom, the United Arab Emirates’s holdings do not come from police asset bouts, but from mining operations with castle mining,” said Arkham.
Bitcoin possessed much less than what was rumored. Speculation Often the property of the United Arab Emirates has been developed At about 420,000 Bitcoin collected from sources such as criminal seizures and a value of $ 46 billion, which would make the UAE the largest bitcoin holder in the world.
The UAE mining company is connected to the royal family
Arkham said in conjunction with the Phoenix Group, a public mining company in the United Arab Emirates, IHC, Citadel built a Bitcoin mining facility In Abu Dhabi in 2022.
The company said: “We have been able to confirm the timetable for the ONCHIN mining activity with satellite images of the timeline to build the facility.”
“Transactions on the series between Phoenix and the castle also match the amounts that have been revealed in official reports.”
In total, Arkham estimates that through the castle, the United Arab Emirates extracted a total of 9300 Bitcoin.
Citadel 85 % Mine -owned by the Compointero Company, owned by IHC, owned by the Emirati Royal Group, is a group owned by Sheikh Tahnoun bin Zayed Al Nahyan, from the royal family in Abu Dhabi, 61 % stake in.
How the United Arab Emirates accumulates into other countries
With its newly reported holdings, the United Arab Emirates will have the sixth largest hidden from Bitcoin from all countries, Behind Bhutan with 11286 Before El Salvador with 6,246, According to It is Bebo.
The United States is still the largest carrier of the National State of Bitcoin, with 198,012, Mostly criminal seizures. China is second with 194,000, most of which came from the 2019 campaign Fraud process. It occupies the third UK with 61,245 Bitcoin.
Bitbo 517,000 Bitcoin is estimated at SovereigntyIt represents about 2.4 % of the total offer, with a value of more than $ 56 billion.
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However, the Creator of Bitcoin is ready, Satoshi Nakamoto, thinks To hold 1.096 million bitcoin across thousands of governor, According to To Arkham, they gave them the biggest hidden, while Michael Sailor, the strategy, is Elderly The company holder with the Treasury is 629, 376 Bitcoin, or 2.9 % of Total offer, and still grows.
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